RCN's stock is effectively worthless under the plan as proposed. Holders of RCN's existing preferred stock and common stock will receive, on a basis to be determined, equity warrants that are exercisable into two percent of reorganized RCN's common stock (before giving effect to any management incentive plan), with a two-year term beginning on the consummation of a plan of reorganization, and set at a strike price equivalent to an enterprise valuation of $1.66 billion.

Ah, sweet irony. This afternoon, we were at Loews Lincoln Square to catch Super Size Me, which could very well have been called Fast Food Nation: The Movie. Pretty good overall. Before it started, we tried to buy a kid's pack (what used to be a small popcorn and small drink), but the guy behind the concessions counter refused to sell us one unless we presented a child movie ticket. Keep in mind that this has never happened before, but today of all days... For $4, we got a much better deal afterwards at Pommes Frites.

A year ago, I would have laughed at this, but now I'm thinking about how to build my own iSeePet. Their demo movie cracks me up! I think this has actually been around for a while, but I hadn't noticed it until I found the AkibaLive site.

Finally gave BitTorrent a try over the weekend. Cool concept, and I didn't mind at all that it took half a day to download each of the shows (300-400Mb) over a DSL connection. Had to get Windows Media Player 9 to view 24 (VCD-FFN) and the XviD codec to view Gilmore Girls (HDTV-LOL). Donated some bucks to the author, but it made me think that the television networks could be missing out on the same opportunity that the music-recording industry had.